Published 1 year ago

Oil drops, hits lowest since January as U.S. data fans fuel demand fears

Summary by Ground News

U.S. distillate stocks posted a build 6.2 million barrels, according to the Energy Information Administration. Gasoline inventories climbed 5.3 million barrels against expectations for an increase of 2.7 million barrels. At least 20 oil tankers queuing off Turkey face more delays to cross from Russia's Black Sea ports to the Mediterranean.

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Financial Post

Oil drops, hits lowest since January as U.S. data fans fuel demand fears

HOUSTON -- Oil edged to its lowest since the start of the year in volatile trading, after U.S. government data showed an unexpectedly large build in fuel stocks, feeding fears about demand in a market already spooked by an uncertain economy.

1 year ago·Canada

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Oil & Gas 360

Oil dips, hits lowest since January as U.S. data fans fuel demand fears

CNBC Oil edged to its lowest since the start of the year in volatile trading, after U.S. government data showed an unexpectedly large build in fuel stocks, feeding fears about demand in a market already spooked by an uncertain economy.… The post Oil dips, hits lowest since January as U.S. data fans fuel demand fears appeared first on Oil & Gas 360.

1 year ago·Denver, United States

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